$HAWK token staking, accrual value, & FAQs
🥩How does $HAWK staking work?
Stake $HAWK to earn yield on your $HAWK tokens. When you stake $HAWK, you receive xHAWK in exchange as a yield-bearing asset.
When you eventually unstake xHAWK, you are entitled to receive more $HAWK than you initially deposited. No rewards-claiming or additional steps required, simply stake your $HAWK and hold your xHAWK to earn more $HAWK!
🌾How does $HAWK accrue in value?
$HAWK token accrual value is driven by token buybacks, funded by protocol fees as Hawksight’s Total Value Locked (TVL) grows. So don’t forget to check out http://hawksight.co, the ultimate one-stop-shop for $SOL & $USDC yields
- Go to Hawksight staking page (https://staking.hawksight.co/)
2. Connect your wallet that holds $HAWK tokens
3. Input the amount of $HAWK tokens you want to stake and click “Stake”
4. Click “Approve”, confirm the transaction in your wallet, and wait a few seconds. When you see the pop-up that’s it, you’re done! Congratulations, you are now earning yield on your $HAWK tokens!
- Whats is xHAWK token?
xHAWK token represents your $HAWK token staking claim in the staking vault.
- How do I claim my token staking rewards?
You can claim your token staking rewards by providing your xHAWK tokens and clicking ‘Unstake’. When you unstake your xHAWK, you will receive more $HAWK tokens than what you initially deposited.
- Do I need to claim rewards everyday?
You do not need to ‘claim’ your $HAWK token rewards every day. Token rewards will be accumulated automatically over time.
- What is the equivalent of 1 xHAWK to HAWK?
The equivalent of 1 xHAWK will be determined by a formula based on the prevailing APY rates for $HAWK yield. The equivalent xHAWK is always greater than 1 $HAWK.
- Will there be a lock-up period for staking my $HAWK tokens, if so, how long?
There will be no lock-up period, and you can unstake your $HAWK tokens anytime.
- What are is minimum and maximum number of $HAWK tokens to stake?
There is no minimum and maximum amount of $HAWK to stake.
- How can I unstake my xHAWK?
xHAWK tokens represent your $HAWK token staking claim in the staking vault, which can be used to unstake your $HAWK tokens and claim rewards. There is no unstaking option for xHAWK.
- How much is the staking fee?
Zero. There is no staking fee, you just need to pay for Solana network fees.
- What will happen to xHAWK after I use it to unstake my $HAWK tokens?
The xHAWK will be burned when you exchange them back and receive $HAWK tokens.
- How can I calculate the APY?
The price of xHAWK over a 365-day period is determined by the prevailing APY rate.
- Can I use my Ledger for staking?
Yes, you can use Ledger
🐣What is Hawksight?
Hawksight.co is building Solana’s Smartest DeFi Navigator — Earn the best APY yield opportunities to grow your SOL and USDC, through 1-click automated yield strategies for: DEX trading yields, borrow-lending, and structured derivatives. Hawksight is backed by Solana Ventures, and audited by Sec3 & CertiK.
Hawksight’s mission is to make DeFi yield accessible to Everyone — and we are tackling this mission with 3 (three) strategic launches:
- DeFi Navigator that aggregates & automates yield strategies in 1-click
- DeFi-NFTs to “mint” first-time DeFi users
- GameFi Degen Pool to gamify DeFi yield while rewarding NFT holders